Step 4: Payment Options

Financio is currently integrated with PayPal, with the PayPal option turned on, it will allow you to get paid faster and easier. To turn PayPal option on, follow the following steps:

Click Connect to PayPalNote: If you haven’t gotten a PayPal account, you can follow the link on the screen to create one before you proceed.

Provide your PayPal login credentials in the PayPal screen.

You will be redirected back to Step 4.

Step 5: Chart of Accounts

The Chart of Accounts is a list of accounts that records and organises your business' transactions. It is made up of two areas:

Accounts: Record what your business owns and what it owes, also known as Balance Sheet Accounts.Categories: Record how much money your business took in and how much money it spent, also known as Profit & Loss Accounts.

To add a new account / category, simply click on Add New Account or Add New Category.

To update any existing accounts, just click on the Update button beside the account / category.

Step 6: Opening Balances

If you are moving away from another accounting software, or you have the closing / opening balance of an existing business. You will want to put in the opening balances based on the system start date that you provided earlier.

Note: If you are a new business with no prior accounts, you may skip the opening balances.

Step 7: Business Profile

This is an important step to provide some information to the system so that your invoice will appear nicely with your information on the first page.